Vocera Communications Inc. (NYSE: VCRA), a supplier of communication solutions, announced a collaboration with Amazon to develop the most sophisticated voice and natural speech recognition solution for healthcare institutions.
The collaboration will create a solution based on Amazon’s Alexa voice assistant and Vocera Communications Inc. (VCRA) dataset that will allow healthcare professionals and patients to make audio calls without having to push buttons or sensors.
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Amazon Echo devices put in patient rooms will be used for communication. They will allow users to communicate using Vocera Communications Inc. (VCRA) or use an application on a customised Vocera Vina smartphone.
You can deliver a message to the right specialist by automatically activating recording and recognising requests while still adhering to the required legal constraints.
Such methods can greatly reduce staff burden while also improving patient comfort.
Furthermore, Vocera Communications Inc. (VCRA) may use its Alexa experience and create datasets for new areas in the future. For example, smart speakers with voice recognition can be used to replace landline telephones on cruise ships and in the hospitality business. This knowledge may also be applied to the development of other business products by VCRA.
Approximately 1,900 medical institutions across the world utilise Vocera Communications Inc. (VCRA)products on a regular basis. The firm operates in a small niche, but it is the market leader, with the potential to increase the target market.
VCRA stock has increased by 82.41 percent in the last year, and it has increased by 0.48 percent in the previous week. The stock has risen 25.85 percent in the last three months but has lost 69.81 percent in the last six months. Furthermore, the firm has a current market capitalization of $2.07 billion and 34.73 million outstanding shares.